Netease Youdao’s revenue in the first quarter was 1.3 billion yuan, up 148% year on year

Netease Youdao's revenue in the first quarter was 1.3 billion yuan, up 148% year on year
Sina science and technology news on the afternoon of May 18, Beijing time, Netease Youdao (NYSE: Dao) today released its financial report for the first quarter of 2021 as of March 31, with a total net revenue of 1.3 billion yuan (204.5 million US dollars), a year-on-year increase of 147.5%. The net loss was 325.8 million yuan (US $49.7 million), compared with 169.4 million yuan in the same period last year. The net loss was 307.8 million yuan (US $47 million), compared with 161.9 million yuan in the same period last year. Summary of first quarter results: total net revenue was RMB 1.3 billion (US $204.5 million), an increase of 147.5% over the same period in 2020. The net revenue of learning services was RMB 998.9 million (1.25%)